183,830 Shares in Jack in the Box Inc. (NASDAQ:JACK) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Jack in the Box Inc. (NASDAQ:JACK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 183,830 shares of the restaurant operator’s stock, valued at approximately $7,655,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after buying an additional 735 shares during the last quarter. KBC Group NV lifted its position in shares of Jack in the Box by 99.5% during the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock worth $51,000 after buying an additional 616 shares during the last quarter. R Squared Ltd bought a new stake in shares of Jack in the Box during the 4th quarter worth $72,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after buying an additional 1,354 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in shares of Jack in the Box by 20.3% during the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after buying an additional 819 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the sale, the senior vice president now owns 16,815 shares of the company’s stock, valued at $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

JACK has been the subject of several recent analyst reports. Truist Financial dropped their price objective on Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Morgan Stanley dropped their target price on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $40.00 in a research report on Friday, February 21st. UBS Group dropped their target price on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Jack in the Box presently has a consensus rating of “Hold” and an average price target of $49.56.

Jack in the Box Price Performance

Shares of JACK opened at $29.48 on Friday. Jack in the Box Inc. has a 1 year low of $29.29 and a 1 year high of $70.81. The company has a market capitalization of $555.93 million, a price-to-earnings ratio of -15.12, a price-to-earnings-growth ratio of 1.29 and a beta of 1.95. The business has a 50-day moving average of $37.57 and a 200-day moving average of $42.50.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, topping the consensus estimate of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The business had revenue of $469.44 million during the quarter, compared to analysts’ expectations of $470.47 million. As a group, sell-side analysts anticipate that Jack in the Box Inc. will post 5.33 EPS for the current year.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.76 annualized dividend and a yield of 5.97%. Jack in the Box’s dividend payout ratio is currently -82.63%.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.